OOCL has ordered five 23,000-teu containerships at two yards in China in which majority shareholder Cosco Shipping has a major stake.

The ships, costing $155.7m each, have been ordered at Dalian COSCO KHI Ship Engineering Co and Nantong COSCO KHI Ship Engineering Co.

The ships, three from Nantong and two from Dalian, are due to be delivered between the first quarter of year 2023 and the early fourth quarter of year 2023.